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Brunswick finance director reports May 31 numbers showing YTD revenue lag and cash balances
Summary
Director Perry reported May 31, 2025 financials: general-fund revenues $18.39M vs. expenditures $19.95M (a $1.56M deficit), cash ledger $5.59M, sales tax up 4.17% YTD, and fund-level details including SPLS 22, ARPA and enterprise fund balances; commissioners pressed for faster reconciliations and staffing to reduce ledger variance.
City finance director presented the monthly finance report for the period ending May 31, 2025.
Director Perry said year-to-date general-fund revenues were $18,388,364 against expenditures of $19,947,146, producing a year-to-date shortfall of $1,558,791. Perry reported a cash ledger balance of $5,586,635 with $941,393 in Prime South and $4,645,241 in the Georgia fund. Sales-tax receipts are up 4.17% year-to-date (about $371,000 more than last year). Perry reviewed fund-level details for SPLS 22, Nor Street Commons, Roosevelt Harris center, ARPA, sanitation and stormwater utility accounts and noted some timing and telephone-line accounting issues in the senior-center ledger.
Commissioners asked about journal-entry timing, bank statement reconciliation and the planned hiring of two finance staff to improve reporting speed and reduce ledger variance; one commissioner urged faster reconciliations and higher reporting precision. Perry said he expects improved performance after adding staff and continuing cleanup work.
Why it matters: Monthly financial transparency informs budget choices and allows the Commission to address revenue shortfalls and expense timing; commissioners signaled urgency on reconciling ledgers and strengthening staffing to meet reporting expectations.
What’s next: The finance team will continue reconciliation work and discuss staffing and report-format changes with the city manager and Commission.
